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Crane Harbor Acquisition Corp Unit(CHACU) - 2025 Q4 - Annual Report
2026-02-06 21:15
Financial Performance - The company had a net income of $3,584,813 for the period from January 2, 2025, to December 31, 2025, primarily from interest earned on cash and investments held in the Trust Account of $6,096,758, offset by formation and administrative costs of $2,511,945 [368]. - Cash used in operating activities from January 2, 2025, to December 31, 2025, was $1,987,621, with net income affected by various costs and interest earnings [374]. Initial Public Offering - The company completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $220,000,000 from the sale of 22,000,000 Units at $10.00 per Unit, along with an additional $6,400,000 from the sale of 640,000 Private Placement Units [372]. - The company incurred $13,786,773 in costs related to the Initial Public Offering, which included $4,400,000 in cash underwriting fees and $8,800,000 in deferred underwriting fees [373]. Trust Account and Investments - As of December 31, 2025, the company had cash and investments held in the Trust Account totaling $226,096,758, which includes approximately $6,096,758 of interest earnings [375]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital to finance operations of the target business [375]. Business Combination - The company entered into a business combination agreement with Xanadu Quantum Technologies Inc. on November 3, 2025, which will result in the company becoming a wholly-owned subsidiary of PubCo [369]. Financial Obligations and Concerns - The company has no long-term debt or capital lease obligations, but incurs a monthly fee of $20,000 to an affiliate of its sponsor for office space and administrative support [382]. - The company may need to raise additional capital through loans or investments to meet working capital needs, raising concerns about its ability to continue as a going concern [380]. - The company has no off-balance sheet arrangements or obligations as of December 31, 2025 [381].
Crane Harbor Acquisition Corp Unit(CHACU) - 2025 Q3 - Quarterly Report
2025-11-12 21:06
Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,918,512, primarily from interest earned on cash and investments held in the Trust Account of $2,425,410, after deducting formation and administrative costs of $506,898 [109]. - Cash used in operating activities from January 2, 2025, through September 30, 2025, was $982,916, with net income of $3,077,648 impacted by interest earned on investments of $3,843,371 [112]. - The company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination [108]. Trust Account and Investments - As of September 30, 2025, the company had cash and investments in the Trust Account totaling $223,843,371, which includes approximately $3,843,371 of interest earnings [113]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital and growth strategies [113]. Initial Public Offering - The company completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $220,000,000 from the sale of 22,000,000 Units at $10.00 per Unit [110]. - The company incurred $13,786,773 in costs related to the Initial Public Offering, which included a cash underwriting fee of $4,400,000 and a deferred underwriting fee of $8,800,000 [111]. Debt and Capital Needs - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025, and has a monthly obligation of $20,000 for office space and administrative support [118][119]. - The company may need to raise additional capital through loans or investments to meet working capital needs, which raises substantial doubt about its ability to continue as a going concern [116][117]. Business Combination Plans - The company may incur significant costs in pursuing acquisition plans and cannot assure the success of completing a Business Combination [107].
Crane Harbor Acquisition Corp Unit(CHACU) - 2025 Q2 - Quarterly Report
2025-08-13 20:39
Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $1,219,449, primarily from interest earned on cash and investments held in the Trust Account of $1,417,961, offset by formation and administrative costs of $198,512 [106]. - Cash used in operating activities from January 2, 2025, through June 30, 2025, was $468,864, with net income of $1,159,136 affected by interest earned and various costs [109]. Initial Public Offering - The company completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $220,000,000 from the sale of 22,000,000 Units at $10.00 per Unit [107]. - The company incurred $13,786,773 in costs related to the Initial Public Offering, which included a cash underwriting fee of $4,400,000 and a deferred underwriting fee of $8,800,000 [108]. Trust Account and Investments - As of June 30, 2025, the company had cash and investments in the Trust Account totaling $221,417,961, which includes approximately $1,417,961 of interest earnings [110]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital and growth strategies [110]. Debt and Financing - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025, and has a monthly obligation of $20,000 for office space and administrative support [114][115]. - Up to $2,500,000 of loans from the Sponsor or affiliates may be convertible into units at $10.00 per unit, should the need arise [112]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require financing for a Business Combination or to redeem public shares [113]. Accounting Standards - The company adopted ASU 2023-07 on January 2, 2025, which requires enhanced disclosures for reportable segment expenses and performance measures [121].
Crane Harbor Acquisition Corp Unit(CHACU) - 2025 Q1 - Quarterly Report
2025-06-04 20:30
Financial Position - As of March 31, 2025, Crane Harbor Acquisition Corp. reported total assets of $290,282, with total liabilities amounting to $325,716, resulting in a shareholder's deficit of $35,434[12][13]. - As of March 31, 2025, the Company had $14,599 in cash and a working capital deficit of $307,373[46]. - The Company had no long-term debt or off-balance sheet arrangements as of March 31, 2025[117]. - The Company held cash of $14,599 as of March 31, 2025[98]. Operating Results - The company incurred a net loss of $60,434 for the period from January 2, 2025, through March 31, 2025, with a basic and diluted net loss per share of Class B ordinary shares at $(0.01)[16]. - The Company reported a net loss of $60,434, primarily due to formation and general administrative costs[109]. - The Company has not generated any revenues to date and does not expect to do so until after the completion of its Business Combination[108]. Initial Public Offering (IPO) - Crane Harbor Acquisition Corp. completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $220,000,000 from the sale of 22,000,000 units at $10.00 per unit[27]. - The Company consummated the Initial Public Offering of 22,000,000 Units at $10.00 per Unit, generating gross proceeds of $220,000,000[101]. - The Company also sold 640,000 private placement units at $10.00 per unit, generating additional gross proceeds of $6,400,000[28]. - The Company also sold 640,000 Private Placement Units at $10.00 per Unit, generating gross proceeds of $6,400,000[131]. - The underwriters received an underwriting discount of $4,400,000 at the closing of the Initial Public Offering[83]. - The total transaction costs for the IPO amounted to $13,786,773, which included a cash underwriting fee of $4,400,000 and a deferred underwriting fee of $8,800,000[132]. - Total transaction costs related to the Initial Public Offering totaled $13,786,773, which included a cash underwriting fee of $4,400,000 and a deferred underwriting fee of $8,800,000[29]. Trust Account and Shareholder Redemption - Crane Harbor Acquisition Corp. intends to apply substantially all net proceeds from the Initial Public Offering towards consummating a business combination with one or more operating businesses[30]. - The company has established a Trust Account to hold the net proceeds from the Initial Public Offering, which will be invested in U.S. government securities until the completion of a business combination[31]. - Public shareholders will have the opportunity to redeem their shares upon the completion of a business combination, regardless of their voting stance[33]. - The Company will redeem Public Shares at a per-share price equal to the aggregate amount in the Trust Account, including interest, if it fails to complete a Business Combination within the completion window[40]. - Each holder of Public Shares will receive a pro rata portion of the Trust Account funds, which may initially be valued at $10.00 per share[42]. - The Initial Shareholders will waive their liquidation rights regarding Founder Shares and private placement shares if the Company does not complete a Business Combination[42]. Future Funding and Business Combination - The Company may need to raise additional funds to complete its Business Combination or to cover redemptions of Public Shares[116]. - The Company does not anticipate needing to raise additional funds for operating expenses prior to the Initial Business Combination[47]. - The Company intends to use substantially all funds in the Trust Account to complete its Business Combination[113]. Governance and Compliance - The Chief Operating Decision Maker (CODM) is the Chief Financial Officer, who evaluates performance based on net loss and total assets[97]. - The Company is classified as an "emerging growth company" and may take advantage of certain exemptions from reporting requirements[48]. - The Company’s financial statements are prepared in accordance with GAAP and include all necessary adjustments for fair presentation[44]. - The Company’s fair value measurements approximate carrying amounts due to their short-term nature[55]. - There were no changes in internal control over financial reporting that materially affected the company during the fiscal quarter[125]. - The company did not have any critical accounting estimates to disclose as of March 31, 2025[121]. - The company’s disclosure controls and procedures were deemed effective as of the end of the quarterly period ended March 31, 2025[124]. - There have been no material changes to the risk factors disclosed in the final prospectus for the IPO[128]. Geopolitical Risks - The geopolitical instability from the Russia-Ukraine conflict and the Israel-Hamas conflict may adversely affect the Company's search for an initial Business Combination[86].
Crane Harbor Acquisition Corp Unit(CHACU) - Prospectus(update)
2025-04-17 21:31
As filed with the Securities and Exchange Commission on April 17, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 98-1830736 (Primary Standard Industrial Classif ...
Crane Harbor Acquisition Corp Unit(CHACU) - Prospectus(update)
2025-04-11 20:33
As filed with the Securities and Exchange Commission on April 11, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 98-1830736 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classif ...
Crane Harbor Acquisition Corp Unit(CHACU) - Prospectus(update)
2025-04-04 20:38
As filed with the Securities and Exchange Commission on April 4, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 98-1830736 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classifi ...
Crane Harbor Acquisition Corp Unit(CHACU) - Prospectus(update)
2025-03-21 20:12
As filed with the Securities and Exchange Commission on March 21, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 98-1830736 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classif ...
Crane Harbor Acquisition Corp Unit(CHACU) - Prospectus
2025-02-12 11:24
As filed with the Securities and Exchange Commission on February 11, 2025. Registration No. 333- FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 98-1830736 (Primary Standard Industrial Classification Code Number) ( ...